Union Budget 2016-17 is a mixed bag for the real estate sector. We are pleased to see that the government has stuck to the 3.5 per cent fiscal target as this will give head room for the reduction in interest rates

The passage of GST in Rajya Sabha is a landmark reform. A critical milestone towards Free Trade within India. It will also give a massive push to Make in India especially MSMEs. The ease and cost of doing business will receive a fillip and the width of the tax base will be enhanced.”

“The industry was keen to see the representation the rail sector would get in this combined Budget, the first in independent India. The Finance Minister did a good job focusing on key and strategic measures for the railway sector.

"We welcome the infrastructure status being given to the affordable housing sector it will help achieve the target set to cater to this most important segment, which is the need of the hour. We will now see more of such projects being announced in the recent future.